Comfort Systems USA, Inc. $FIX Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 12.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,533 shares of the construction company’s stock after buying an additional 822 shares during the period. Janney Montgomery Scott LLC’s holdings in Comfort Systems USA were worth $10,388,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FIX. Prudential PLC purchased a new stake in Comfort Systems USA during the 4th quarter worth about $6,922,000. Ethic Inc. boosted its stake in shares of Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the period. BNP Paribas Financial Markets grew its position in shares of Comfort Systems USA by 230.4% during the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after buying an additional 39,888 shares in the last quarter. Spire Wealth Management grew its position in shares of Comfort Systems USA by 658.1% during the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after buying an additional 4,679 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after buying an additional 7,192 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Trading Down 6.6%

NYSE:FIX opened at $1,741.16 on Friday. Comfort Systems USA, Inc. has a 12-month low of $513.99 and a 12-month high of $2,073.99. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $1,884.34 and its 200-day simple moving average is $1,483.72. The firm has a market cap of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company posted $4.75 earnings per share. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is 9.23%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Glj Research began coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, UBS Group lifted their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and an average price target of $1,991.50.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.